Comment on Zerodha - Margin Policies

Nithin Kamath commented on 01 Nov 2014, 07:24 PM

1. additional and exposure margin mean the same.
2. Yes, if the margin drops below SPAN is only when we square off for your NRML positions. And that too this is typically done only by end of the day (between 3pm to 3.30pm).
3. SPAN calculator is not live and can’t match exchange margin requirements to the tee. There can be upto 10% difference at times, but yes most of the times it is within a 1% range. Typically when big market movements happen, like yesterday, exchange margin requirements go up during the day. This is not captured by the SPAN.

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